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COVID-19 Stimulus Package Stage 2

Tax benefits

The Federal Government has announced stage 2 of its economic plan to cushion the economic impact of Coronavirus. Read about the stage 1 package HERE. The 4 parts to the plan are listed below:    1.  Boosting Cash Flow for Employers This applies to: A business or a not for profit entity or charity with an aggregated annual  turnover of less than $50 million per annum ( based on prior…

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COVID-19 – Examples – Stimulus Package

Below are some examples to the different parts of  the Federal Government Stimulus Package which will make it easier for you to understand how it all works: To read about the packages click HERE. 1.  Boosting Cash Flow for Employers a) Sarah’s Construction Business Sarah owns and runs a building business in South Australia and employs 8 construction workers on average full-time weekly earnings, who each earn $89,730 per year.…

Save money on your mortgage!

Do you want to know how to achieve this? Take the following steps: Phone your bank and ask the following: ” Please can you decrease my interest rate?” If they ask you why, tell them you have been a customer for a long time and you don’t want to move banks. Then wait for their reply. Forget about the most recent reductions they have already applied as a result of…

Do you want to be paid faster?

Did you know, that the latest Xero statistics show that a business who has online payment options attached to their sales invoices, collects their invoices 55% faster than without these services. Who doesn’t want to collect invoices faster? It is a no-brainer! There are a few systems out there that can assist with your collections, but below are two of our favourites.We strongly suggest you implement these. Enable your customers…

Some inspiring books to learn from

Below are 3 great books that we recommend, that will give you fantastic insights into business issues and the business journeys of the authors. Flying Solo Author: Robert Gerrish and Sam Leader Combining motivational and practical advice, this book explores the habits and behaviours of successful soloists, exploring some myths of marketing, time management and networking. Purchase from: flyingsolo.com.au/book The Accidental Entrepreneur – The Juicy Bits Author: Janine Allis –…